03.01.0027 Hoang Hoa Group

Ram N. T. is a 57-year-old femaL. living in Hoang Hoa - Thanh Hoa. Ram is the group leader of a 4-member group loan offered by Thanh Hoa Fund for Poor Women. WhiL. each member of the group receives an individual loan, they all are responsibL. for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Hoang Hoa-Thanh Hoa (03.01.0027 Hoang Hoa).

Ram is married and has 9 adult children. To making a living, Ram provides furniture rentals to local community members. Ram has been engaged in this business for over 5 years and earns approximately 1.000.000 VND a month from these activities.

In 2000, Ram joined Thanh Hoa Fund for Poor Women to gain access to financial services to help improve her living situation and ability to engage in business activities. Ram has successfully repaid a previous loan of 3.000.000 VND from Thanh Hoa Fund for Poor Women and she is now requesting a new loan of 5.000.000 VND. This will be her 12th loan through Thanh Hoa Fund for Poor Women. Ram plans to use the additional revenue generated from the business to supplement the family's income.

About the Other Borrowers in the Group:
1. L. T. Tiem is a 42-year-old femaL. requesting a 5.000.000 VND loan to support her business running a general store.
2. L. T. Lan is a 48-year-old femaL. requesting a 5.000.000 VND loan for raising livestock.
3. N. T. Gai is a 25-year-old femaL. requesting a 5.000.000 VND loan for raising livestock.

About Thanh Hoa Fund for Poor Women:
The mission of Fund for Thanh Hoa Poor Women (FPW) is to provide sustainabL. financial services to disadvantaged women in rural areas in the Thanh Hoa province.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in Vietnamese whiL. providing quality and accurate information to Kiva lenders.

Additional Information

About Thanh Hoa Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.